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Bank cartel blockbuster destined for the long game

The blockbuster criminal cartel case brought by the ACCC against several huge banks and some of their senior executives continued on Wednesday as a sophisticated game of snakes and ladders in the Federal Court.

The frustration of Justice Michael Wigney over the prosecution case was evident in an 81-page judgment, where he declared it would not be unfair to describe the situation around the indictment as a complete schemozzle.

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Pamela Williams is The Australian Financial Review’s writer-at-large. She is an investigative reporter and author, and has won six Walkley Awards and the Graham Perkin Journalist of the Year Award. Email Pamela at pamela.williams@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/bank-cartel-blockbuster-destined-for-the-long-game-20211103-p595qa